Goldspike Announces Warrant Exercise

Toronto, Ontario--(Newsfile Corp. - August 7, 2014) - Goldspike Exploration Inc. (TSXV: GSE) ("Goldspike") is pleased to announce that 3,341,667 common share purchase warrants (the "Warrants") have been exercised for proceeds of $501,250. The Warrants were part of a tranche originally issued on October 6, 2010 with an expiry date of August 3, 2013. In July, 2013, Goldspike applied to, and received approval from, the TSX Venture Exchange to amend the expiry date of the Warrants a further year to August 3, 2014.

"The exercise of the Warrants demonstrates confidence in the Company and its mineral properties," stated Bruce Durham, President and CEO of Goldspike. "The additional funds will allow Goldspike to expand the scope of its 2014-15 work programs and complete a substantial amount of exploration on the Company's properties in Yukon and Nevada."

For further information contact:

Goldspike Exploration Inc.
4 King Street West, Suite 1500
Toronto, Ontario, M5H 1B6
Tel: (416) 504-8821
Bruce Durham, President and CEO
bdurham@goldspike.ca

CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Goldspike’s objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments, and those risks set out in Goldspike’s public documents filed on SEDAR. Although Goldspike believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Goldspike disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.